KINGFISHER PLC/SH (OTCMKTS:KGFHY) Downgraded by Zacks Investment Research to Sell

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KINGFISHER PLC/SH (OTCMKTS:KGFHY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “KINGFISHER is Europe’s leading home improvement retail group and the third largest in the world, with leading market positions in the UK, France, Poland, Italy, Turkey, China. Kingfisher operates 780 stores in nine countries in Europe and Asia. Its main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix. Kingfisher also has a 21% interest in, and strategic alliance with Hornbach, Germany’s leading DIY warehouse retailer, with over 120 stores across Europe. “

Separately, ValuEngine upgraded shares of KINGFISHER PLC/SH from a “sell” rating to a “hold” rating in a report on Saturday, January 4th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. KINGFISHER PLC/SH currently has a consensus rating of “Hold” and an average target price of $7.00.

Shares of KGFHY opened at $4.97 on Thursday. KINGFISHER PLC/SH has a 1-year low of $4.57 and a 1-year high of $6.99. The company has a 50-day moving average of $5.48 and a 200 day moving average of $5.30. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 1.61 and a beta of 1.39.

About KINGFISHER PLC/SH

Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands.

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